LKV Realty
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$99,000
$300Reward *
2597 W 8 Mile Road, Detroit, MI 48221Listing ID 61015575

2597 W 8 Mile Road, Detroit, MI 48221

Active
Woodward
Time on site: 14 daysLast updated: Jul 29, 2026
Property Type
Property Type
Residential
Property Sub Type
Property Sub Type
Single Family Residence
Bedrooms
Bedrooms
3
Bathrooms
Bathrooms
2
Square Feet
Square Feet
2,245
Acres
Acres
0.09
Days on Site
Days on Site
14
Heating
Heating
Natural Gas, Forced Air
Year Built
Year Built
1938
Stories
Stories
2
Garages
Garages
2

Note that the ability to sell was held up by the probate court, but we are now ready to go. Outstanding buy-and-hold opportunity in one of Detroit's most stable and appreciating rental pockets. This solid brick colonial offers investors a clear path to strong returns. the property features a new roof and other updates. Once an estimated $30,000 in improvements, are completed, the property is positioned to qualify for top-tier Section 8 payment standards, delivering an estimated 14% annual return. The equity story is just as compelling. Recent sales in the immediate micro-market--including 2444 Woodstock, located directly behind the subject--support an after-repair value of $250,000. The Woodstock comps demonstrate consistent buyer demand, strong retail values, and a neighborhood trajectory that continues to push upward. You'll get both high guaranteed rents and meaningful back-end appreciation, creating a rare dual-benefit hold. Whether you're looking to lock in predictable Section 8 cash flow, execute a BRRR-style refinance, or simply add a high-performing Detroit asset to your portfolio, this property delivers on every front. Cash flow today, equity tomorrow -- all in a ZIP code known for long-term stability.

Property Information

Property Details

Location

Address
2597 W 8 Mile Road
County
Wayne
City
Detroit
Zip Code
48221
Subdivision
Woodward
School District
Detroit City School District
MLS Area
Detroit (82001)
Home Negotiators LLC, (313) 822-1708

Interior Features

Beds and Baths

Bedrooms
3
Full Bathrooms
1
Half Bathrooms
1

Building

Building Information

Square Feet
2,245
Year Built
1938
Stories
2
Construction
Brick
Foundation
Basement

Financial

Special Conditions
Standard

Property Taxes

Tax Annual Amount
$130

Market Report for 48221

* The market data shown is based on available information from Multiple Listing Service (MLS) and/or public records. Data provided is for informational and educational purposes only and may not represent the full housing market. For more accurate information, consumers should consult a certified appraiser or licensed real estate agent.

*Average of $2,150 in rewards is calculated based on the purchase or sale of a home between $400,000 to $449,000. The median home price for all housing types is in the United States is $405,400 as of 2025 as reported by the National Association of Realtors® (NAR). The actual reward amount may vary depending on the purchase or sales price of the home. Please see the Lakeview Home Rewards program terms and conditions for more details. The National Association of Realtors® is a registered trademark of the National Association of Realtors®.

Source: MiRealSource
MiRealSource logo
Originating MLS: MiRealSource

Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright 2026 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource,Inc.

For corrections to this data please contact Brytecore MLS Support.

RC335319